Barclays lowered the firm’s price target on Builders FirstSource to $200 from $240 and keeps an Overweight rating on the shares. The earnings report “is not a thesis-changer, but a dose of reality on margin normalization and slightly softer top-line outlook,” the analyst tells investors in a research note. The firm says estimates are now in a better place with favorable risk/reward from here.
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- Builders FirstSource price target raised to $240 from $235 at Barclays
